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    Penrose, CO
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    Penrose, CO Residential Land & Home Lots for Sale

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    Penrose Land with Mountain Views
    Updated: May 28
    Penrose Land with Mountain Views

    TBD Lot 1 County Road 132, Penrose, CO 81240

    $179,900
    40.02 AC lot
    Large acreage (36+ acres) in a new development offers substantial space and exclusivity
    Breathtaking panoramic mountain views of the Sangre de Cristo Mountains
    Power on‑site and BLM access provides immediate utility and access to public lands
    No covenants or HOA allows for freedom and flexibility in property use
    Gently rolling grasslands suitable for various uses
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    Penrose, Colorado Build-Ready Land
    Updated: Jul 9
    Penrose, Colorado Build-Ready Land

    35 Top Rail Trail, Penrose, CO 81240

    $107,000
    3.19 AC lot
    Build‑ready 3.19‑acre parcel with expansive mountain views and unforgettable sunsets.
    Water tap is paid, and electric is available at the property line.
    Protective covenants with no HOA offer flexibility and value protection.
    Plenty of room for horses, a custom home, shop, or outbuildings.
    Paved roads and scenic surroundings provide privacy and accessibility.
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    Penrose Land with Mountain Views
    Penrose Land with Mountain Views

    1374 C St, Penrose, CO 81240

    $53,500
    10.00 AC lot

    10-acre rural property in Penrose, Colorado, with mountain views.

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    Build-Ready Acreage Parcel
    Build-Ready Acreage Parcel

    35 Top Rail Trail, Penrose, CO 81240

    $107,000
    3.19 AC lot

    Build-ready 3.19-acre parcel with paid water tap and electricity available at the property line.

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    Private 10-Acre Parcel in Penrose
    Private 10-Acre Parcel in Penrose

    380 13th St, Penrose, CO 81240

    $52,500
    10.00 AC lot

    10-acre parcel with mountain views, fenced for livestock grazing.

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    Land, Penrose
    Land, Penrose

    83 Top Rail Trail, Penrose, 81240

    $100,000
    2.78 AC lot

    Residential land & home lots · 2.78 Acres

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    LAND - Penrose, CO
    LAND - Penrose, CO

    83 Top Rail Trail, Penrose, CO 81240

    $100,000
    2.78 AC lot

    Residential land & home lots · 2.78 Acres

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    Divided High-Desert Land Parcel
    Divided High-Desert Land Parcel

    000 11th Street, Penrose, CO 81212

    $250,000
    20.00 AC lot

    A divided parcel offering flexible options for residential building or hobby farm uses in Colorado’s high desert.

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    Land, Penrose
    Land, Penrose

    County Road 67, Penrose, 81240

    $110,000
    35.00 AC lot

    Residential land & home lots · 35.00 Acres

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    Land, Penrose
    Land, Penrose

    1374 C Street, Penrose, 81240

    $53,500
    10.00 AC lot

    Land · 10.00 Acres

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    Rural Residential Lot With Views
    Rural Residential Lot With Views

    83 Top Rail Trail, Penrose, CO 81240

    $100,000
    2.43 AC lot

    A 2.43-acre residential lot in Top Rail Ranch Estates with underground utilities and mountain views.

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    Land, Penrose
    Land, Penrose

    380 13th Street, Penrose, 81240

    $52,500
    10.00 AC lot

    Land · 10.00 Acres

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    Recreational Land Parcel
    Recreational Land Parcel

    Penrose, CO 81240

    $175,000
    40.00 AC lot

    40-acre parcel with open grassland, scattered pines, and a BLM berm-built stock pond for recreation.

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    Lots/Land
    Lots/Land

    15941 Highway 115, Penrose, CO 81240

    $170,000

    Agricultural land / Farmland

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    Land, Penrose
    Land, Penrose

    Iron Handle Road lot: 6.7, Penrose, 81240

    $400,000
    83.54 AC lot

    Land · 83.54 Acres

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    Rolling Acreage Homesite
    Rolling Acreage Homesite

    290 Co Rd 132, Penrose, CO 81240

    Contact for pricing
    40.00 AC lot

    Nearly 40 acres of rolling land with a previously drilled well and no HOA, minutes from city amenities.

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    Vacant Land Near Highway 115
    Vacant Land Near Highway 115

    15900 State HWY 115, Penrose, CO 81240

    $100,000

    Vacant land with a water tap through Penrose Water District and water share, with a deteriorating mobile home and shed onsite.

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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 17 Active Listings in Penrose, CO

    Penrose, CO Residential Land & Home Lots Market Trends and Statistics

    Explore 17 residential land & home lots for sale in Penrose, CO, showcased through 17 active listings on our real estate platform. These investment opportunities span a total of 13,631,231 square feet of properties for sale, with an estimated market value of $2,110,900.

    Sale prices for home sites in Penrose, CO start at $52,500, averaging $131,931, and reaching up to $400,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Residential land & home lots 11
    Agricultural land / Farmland 5
    Commercial land 4
    Recreation land 4
    Hunting land 3

    Demographics Overview

    Population 4,533
    Population Growth (5Y) +25.7%
    Median Household Income $79,514
    College Educated 40.6%

    High-Yield Neighborhoods for Investment

    Identify Penrose submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Penrose - 81240 $145.3K
    Canon City - 81212 $250K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Fremont County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Most Searched ZIP Codes in Penrose, CO

    • 81240
    • 81212

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